Boston, MA, US. At the end of 2020, 27% of our Board of Directors were women and 36% of our It is a privilege to be the company's next CEO and I look forward to working in partnership with Todd and the Executive Committeeto ensure a seamless transition. 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits, C.F.R. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. The Committee will review and discuss policies with respect to risk assessment and risk management. Annually, there shall be a performance evaluation of the Committee, which may be a self-evaluation or an evaluation employing such other resources or procedures as the Committee may deem appropriate. These statements, which may be expressed in a variety of ways, including the use of future or present tense language, relate to, among other things, BNY Mellon's performance and talent recruitment and retention efforts. Administratively, the Chief Audit Executive reports to the Corporations Chief Executive Officer. At the end of 2020, 29% of BNY Mellon's Executive Committee were women and 20% of BNY Mellon's Executive Committee were from underrepresented ethnic and/or racial backgrounds. These areas may include, among other matters, the Corporations methods for identifying and managing risks, and significant matters including, but not limited to, investment portfolio issues, frauds, regulatory enforcement actions, litigation or whistleblower matters, and technology issues. He is someone I deeply respect and trust, and I look forward to working side-by-side with him to support the transition over the coming months while continuing to drive organic growth. At INSITE, education is right at your fingertips. The Committee shall oversee the evaluations of the Board and committees of the Board and, unless performed by the Human Resources and Compensation Committee, the Corporation's senior managers. He joined Goldman Sachs in 1994 as a product controller in the Finance Division. Before joining BNY Mellon, Ms. Portney was CFO for Barclays International. This site provides information for investment professionals. He led BNY Mellon through the challenges and complexities of the COVID-19 pandemic safeguarding clients' assets, protecting employees, improving the resiliency of its operations, driving organic growth and efficiencies, and stewarding support for global markets and government programs. MediaJennifer Hendricks Sullivan+1 212 635 1374[emailprotected], AnalystsScott Freidenrich+1 212 635 1855[emailprotected], Cision Distribution 888-776-0942 Quarterly, the Committee shall review a report from the Disclosure Committee and reports concerning the status of the Corporation's annual review of internal control over financial reporting, including (i) information about (a) any significant deficiencies or material weaknesses in the design or operation of internal control over financial reporting that are reasonably likely to adversely affect the Corporation's ability to record, process, summarize and report financial information and (b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Corporation's internal control over financial reporting, and (ii) management's responses to any such circumstance. Connect with over 2,000 forward-thinking attendees who represent every profession within the financial advice community. As of December 31, 2018, BNY Mellon had $33.1 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. The Committee shall discuss with the independent accountants their independence and the matters required to be discussed by applicable PCAOB standards, any other applicable auditing standards and applicable laws and regulations. To be admitted as a Member or as an Observer, an organisation may apply in writing to the Secretariat via greenbonds@icmagroup.org, socialbonds@icmagroup.org, sustainabilitybonds@icmagroup.org. Download membership application form | Download benefits of membership The Committee is responsible for the pre-approval of all audit and permitted non-audit services performed by the independent public accountants. related services not included in clause (i) that are reasonably related to the performance of the audit or review of the Corporation's financial statements, in the aggregate and by each major type of service; (iii) tax compliance, tax advice and tax planning services, in the aggregate and by each major type of service; and (iv) all other products and services provided by the registered independent public accountants, in the aggregate and by each major type of service. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. The Bank of New York Mellon Corporation (NYSE: BK) Q1 2023 Earnings Call Transcript April 18, 2023. The Committee shall meet to review with management, the registered independent public accountants, and the Chief Audit Executive the Corporation's annual consolidated financial statements and the related opinion thereon, and the quarterly financial statements and report thereon, prior to the filing of such documents with the SEC. NEW YORK, March 10, 2022 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) announced today that Thomas P. (Todd) Gibbons has decided to retire as Chief. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. Wells Fargo merges two payments groups, hires BNY Mellon exec as leader By Polo Rocha August 17, 2021, 2:57 p.m. EDT 1 Min Read Wells Fargo has combined its treasury management and global payments services units into one group, and has hired a former Bank of New York Mellon executive to run the new division. Brokerage custody provided by Pershing LLC, member FINRA, NYSE, SIPC, a BNY Mellon company. from 8 AM - 9 PM ET. executive offices no earlier than December 2, 2023 and no later than 5:00 p.m., Eastern time, on January 1, 2024. the integrity of the Corporation's financial reporting and systems of internal controls regarding finance and accounting; the integrity of the Corporation's financial statements; the performance of the Corporation's internal audit function (Internal Audit); the qualifications, independence and performance of the registered independent public accountants; and. Registered Independent Public Accountants. We go beyond to bring together clients, world class leaders and industry luminaries for an unmatched three-day experience. Chief Executive Officer, BNY Mellon Investment Management. The Committee will review with management, the General Counsel, the Chief Compliance Officer, and the Chief Audit Executive the Corporation's compliance with laws and regulations. Chart. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. Jim Crowley is the Chief Executive Officer and Chair of the Executive Committee for Pershing. The Committee shall review significant issues identified by Internal Audit together with management's responses and follow-up, ensuring appropriate management accountabilities are in place. Transparency is our policy. Deputy Chief Compliance Officer - Investments and Securities. 2023 THE BANK OF NEW YORK MELLON CORPORATION. News. the Corporations compliance with legal and regulatory requirements. When typing in this field, a list of search results will appear and be automatically updated as you type. The Committee has the direct responsibility to annually review the performance of the Chief Audit Executive and, as appropriate, replace the Chief Audit Executive. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. I look forward to leading this historic institution of nearly 50,000 employees, with a rigorous approach to driving further organic growth and creating value for all stakeholders.". Start with the FINANCIAL PROFESSIONALS INDIVIDUAL INVESTORS INSTITUTIONAL INVESTORS AND CONSULTANTS Are you a cash management professional? $96K-$163K Per Year (Employer est.) We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. The Committee will review and discuss policies . The Committee also has the direct responsibility to annually evaluate and, as appropriate, replace the registered independent public accountants. Ms. Portney will continue to report to BNY Mellon's CEO and serve as a member of the Executive Committee. to review and identify individuals qualified to become Board members, consistent with criteria approved by the Board; to recommend to the Board the director nominees for the next annual meeting of shareholders and to fill vacancies on the Board; to develop and recommend to the Board a set of corporate governance guidelines applicable to the Corporation and proposed changes to such guidelines from time to time as may be appropriate; to review and evaluate succession plans for the Chief Executive Officer ("CEO") of the Corporation; to implement and oversee the annual evaluation of the Board and the committees of the Board; and. Stock Analysis. Verify your identity, personalize the content you receive, or create and administer your account. Infurtherance of such responsibilities, the Committee has a duty to seek to preserve the safety and soundness of its national bank subsidiaries, and will exercise its oversight of any such subsidiarys audit committee matters with the understanding that suchsubsidiarys interests are not to be subordinated to the interests of the Corporation in a way as to jeopardize the safety and soundness of such subsidiary. How we use your information depends on the product and service that you use and your relationship with us. Additional information is available on www.bnymellon.com. 9.9 for any national bank subsidiary of the Corporation engaged in fiduciary activities. ", Mr. Echevarria continued: "Since he joined BNY Mellon in 2020, Robin has made significant contributions to the business, and demonstrated a rigorous approach to strategy, execution and serving clients. He was a member of Goldman Sachs' Firmwide Risk Committee, Firmwide Asset Liability Committee and European Management Committee. All rights reserved. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. She began her career with J.P. Morgan, where she held various leadership roles across businesses and functions during her 23 years with the company. Terms of Service apply. With over 30 years of investment experience, Hanneke was previously CEO of Newton Investment Management, a BNY Mellon Investment Management firm, from 2016 to 2020. President and Chief Executive Officer, BNYMellon, Chief Information Officer and Head of Engineering, Global Head of Enterprise Execution and Chief Corporate Affairs Officer, Senior Executive Vice President and Chief Risk Officer, Senior Executive Vice President and General Counsel, Senior Executive Vice President and Chief Executive Officer, Securities Services and Digital, Chief Executive Officer, BNY Mellon Government Securities Services Corp. and Clearance & Collateral Management, Senior Executive Vice President and Chief Growth Officer, Chief Executive Officer, BNY Mellon Marketsand Execution Services, 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits. Embrace the opportunity to expand your knowledge and your network. If the Committee performs the fiduciary audit committee functions for a national bank subsidiary of the Corporation, no Committee member will be an officer of such national bank subsidiary or any of such national bank subsidiarys affiliates who participate significantly in the administration of such national bank subsidiarys fiduciary activities. NEW YORK, July 6, 2022 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) announced today that Dermot McDonogh has been appointed as Chief Financial Officer ("CFO") for the company, effective February 1, 2023. If the Committee performs the audit committee functions for an insured depository institution subsidiary of the Corporation, the Committee will oversee the internal audit function of such subsidiary. Mr. Vince currently serves as Vice Chair of BNY Mellon and CEO of Global Market Infrastructure, which includes BNY Mellon's Pershing, Treasury Services, and Clearance and Collateral Management lines of business as well as Markets & Execution Services. The Committee will consist of three or more Directors who satisfy, as determined by the Board, the requirements of the New York Stock Exchange Listing Standards, including those with respect to independence, and any additional requirements that the Board deems appropriate.
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